Robert W. Baird Cuts Hyatt Hotels (NYSE:H) Price Target to $156.00

Hyatt Hotels (NYSE:H) had its price objective cut by Robert W. Baird from $158.00 to $156.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 6.81% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Hsbc Global Res upgraded shares of Hyatt Hotels to a “hold” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their price target on Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Wells Fargo & Company lowered their price target on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Truist Financial increased their price objective on Hyatt Hotels from $158.00 to $163.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Barclays decreased their target price on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $162.29.

Hyatt Hotels Stock Up 2.3 %

H stock opened at $146.06 on Wednesday. The business has a 50-day moving average of $156.20 and a 200-day moving average of $152.53. Hyatt Hotels has a fifty-two week low of $128.91 and a fifty-two week high of $168.20. The stock has a market capitalization of $14.03 billion, a P/E ratio of 11.74 and a beta of 1.48. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period in the prior year, the business earned $0.64 earnings per share. On average, sell-side analysts anticipate that Hyatt Hotels will post 3.68 earnings per share for the current fiscal year.

Insider Transactions at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the transaction, the insider now directly owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in H. Twinbeech Capital LP bought a new stake in Hyatt Hotels during the 4th quarter worth approximately $9,341,000. Tidal Investments LLC increased its holdings in shares of Hyatt Hotels by 153.1% in the fourth quarter. Tidal Investments LLC now owns 4,541 shares of the company’s stock worth $713,000 after purchasing an additional 2,747 shares during the period. Toronto Dominion Bank raised its position in shares of Hyatt Hotels by 5.2% in the fourth quarter. Toronto Dominion Bank now owns 6,056 shares of the company’s stock worth $951,000 after buying an additional 301 shares in the last quarter. Snowden Capital Advisors LLC boosted its stake in Hyatt Hotels by 2.4% during the fourth quarter. Snowden Capital Advisors LLC now owns 5,025 shares of the company’s stock valued at $789,000 after buying an additional 116 shares during the period. Finally, Polar Capital Holdings Plc grew its position in Hyatt Hotels by 16.9% during the fourth quarter. Polar Capital Holdings Plc now owns 128,305 shares of the company’s stock worth $20,141,000 after buying an additional 18,554 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.